August 20, 2020

Farm Succession: Feasibility of Adding a Family Employee

Adding to a series about Farm Transition Planning, in this third episode on our Purdue Commercial AgCast series, we discuss how to evaluate if the farm can add an employee. As a farm expands, it is important to evaluate the feasibility of adding an operator and/or hired employees as well as the feasibility of purchasing or renting additional land, and machinery and equipment. Purdue agricultural economists Michael Langemeier and Brady Brewer discuss two critical factors: gross revenue and profitability.


The companion episodes in this podcast series can be found at “Farm Transition Planning”, June 24, 2020 and “Farm Succession: Transitioning Business Management”, July 22, 2020.

The article discussed in this episode, entitled “Is It Feasible For My Farm To Add An Operator Or Hired Employee?”, can be found here.




Financial Management – Statements & Analysis

October 13, 2020

A series of financial management articles that examine financial statements and financial analysis. Financial management involves the evaluation of liquidity and solvency, financial planning, acquisition and use of financial resources, asset purchases and farm growth, and relationships with agricultural lenders.


Evaluating New Ventures and Enterprises

October 2, 2020

Several factors need to be considered when evaluating new ventures and enterprises. In addition to determining how a new venture or enterprise fits into the current operation, it is important to evaluate expected returns and risk, the cost and ease of entry and exit, and managerial requirements and complexity.


Farm Succession: Human Resources for Transition Planning

September 30, 2020

Keeping the farm business running between generations and management tiers can be difficult, but job descriptions and keeping open communication is key. Purdue agricultural economists Brady Brewer and members of the Purdue Farm Transition team Jenna Nees, Denise Schroeder, and Kyle Weaver discuss the importance of having a strong HR strategy and some common issues that many farms face as they transition management roles.



November Corn & Soybean Outlook Update

Join us Wednesday, November 11 at 11:30 a.m. (EST) for an updated corn and soybean outlook immediately following release of USDA’s November Crop Production and World Agricultural Supply and Demand (WASDE) reports. Registration is free but necessary to receive the link to join live or get notice of the webinar recording.

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Top Farmer Conference 2021

January 8, 2021 | virtual meeting

A management programs geared specifically for farmers. Surrounded by farm management, farm policy, agricultural finance and marketing experts, and a group of your peers, the conference will stimulate your thinking about agriculture’s future and how you can position your farm to be successful in the years ahead.

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